Waltham Forest Council has an ambitious goal to create 27,000 new homes in the borough in the next decade. To achieve this, they have identified a list of sites that would be suitable for redevelopment. We want to have a closer look to see how this could change the entire area. Then, if you want any help with guaranteed rent in Waltham Forest, you can trust us.

The Local Plan

The Council details their plans to develop the borough in their Local Plan. The first part got approval in February 2024, with support from all 60 councillors. It focuses on improving infrastructure in the area. For example, there are plans to build a new station at Ruckholt Road.

The second part of the plan is currently at the consultation stage. The goal is to ensure it aligns with part one. It has details of 128 sites that could work to provide new homes. Waltham Forest Council will concentrate on developing them if the proposal gets approval. They invited locals to give feedback on the plans last year. The next review of the plan is scheduled for August 2025.

Some examples

Waltham Forest Council has done a lot of work to identify suitable sites. The 128 represent plots all across the borough, including in Chingford, Leyton, and Walthamstow. As a result, it could have a huge impact in the future, creating attractive homes for locals and investors. We’ll be happy to help by arranging guaranteed rent in Waltham Forest for any of these areas.

Walthamstow town centre has the highest concentration of potential sites. Impressively, 14 have been chosen for potential redevelopment. St James Quarter could see 300 new homes. Conversion of the Barclays bank on the high street could also create 65 homes. Osborne Grove could see 30 new homes.

Additionally, several sites across the borough have been identified as viable for tall buildings. This includes industrial areas on Lammas Road in Lea Bridge and Montague Road in Leytonstone.

What next?

As we said above, the schedule is for another review in August this year. It will be interesting to see if there are any changes with the areas that have been suggested.

The Council also gave confirmation that sites in part two will still need planning permission. The Local Plan is simply to identify them as possible plot to develop. Private developers will need to submit their plans for the local authority to consider and vote on.

A crucial thing to note is the Local Plan wants to ensure developments are sustainable. That is the case for infrastructure, homes, and commercial space. So, developers should keep this in mind for any proposals.

Do you want guaranteed rent in Redbridge?

Investors have been looking at Waltham Forest for a long time now. It was formerly one of the most affordable parts of London, attracting a lot of interest. New developments will be welcome to cater for the high demand and also provide more investment opportunities.

If you decide to invest, you should consider the value you can get with guaranteed rent in Redbridge. It provides secure income every single month. There won’t ever be a reason for a missed payment. In addition, you get an easier solution for managing the properties.

You can learn more about guaranteed rent if you contact us. We’re happy to answer questions and can also help you to weigh up the advantages. Then, if you want to go ahead, we can offer the best advice and support.